Net Income per Share (Tables)

9 Months Ended

Sep. 30, 2022

Net Income per Share

Reconciliation of Calculation of Basic and Diluted Income Per Share

The following is a reconciliation of the calculation of basic and diluted income per share:

	For the three months ended September 30,				For the nine months ended September 30,
(In thousands, except per share amounts)	2022		2021		2022		2021
Net income	$	9,942	$	9,459	$	28,501	$	26,373
Weighted average common shares outstanding - Basic		10,522		10,372		10,491		10,412
Plus: Potential dilutive common stock equivalents		192		135		203		134
Weighted average common shares outstanding - Diluted		10,714		10,507		10,694		10,546
Net income per common share - Basic	$	0.94	$	0.91	$	2.72	$	2.53
Net income per common share - Diluted		0.93		0.90		2.67		2.50
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		—		270		—		234